Spend less, Earn More, and Save as much as possible!

OK, I opened a Bank of America Keep the Change Savings account with $300 dollars. They automatically take the left over change on checkcard purchases, and put the change into your savings account. For example, a checkcard purchase of $10.01 would put .99 into your savings accent. In total your checking account would reflect -$11.00, and savings +$.99. The big incentive is that Bank of America will match some of your change… (restrictions below)

Started my account with $300, my change has added up to $329.16 and Bank of America is due to award me $128.41 on the anniversary of the creation of my keep the change checking account. (See Below)

Bank of America keep the change program

My $300 investment and $329.16 auto-invested change equals $629.16. YTD, it looks like the $128.41 yield I am expecting from Bank of America at the 1 year marker would be a 20% return on my own money.

ps. As mentioned in first Bank of America keep the change blogpost: “The restrictions are 100% match to your first 3 months of savings up to $60.00, and 5% of the rest of your savings, up to $250.00. If you are using the program to its maximum potential you would be getting a free $310 ($60 + $250) for free from Bank of America.”

Bank of America offers a Savings account whereby you save “the change” from your checkcard purchases directly into your Savings Account. In example, if you were to purchase something with your check card for $14.37, the remainder 63 cents would be transferred into your Savings account.

Get this… Bank of America offers to match “the change” or the “63 cents” you save up to certain limited. The restrictions are 100% match to your first 3 months of savings up to $60.00, and 5% of the rest of your savings, up to $250.00. If you are using the program to its maximum potential you would be getting a free $310 ($60 + $250) for free from Bank of America. Also, keep in mind that you would have automatically saved money without realizing from your checkcard purchases.

I posted a screenshot above so you can see that I am actively enrolled in this program and to prove it is working… As you can see from the picture above, I’ve been enrolled in the Bank of America program for almost the last 6 weeks, and I have saved $118.56. Soon enough get my free $60.00 within the first 3 months. I am a big fan of this program because Bank of America creates an easy way to save money and additionally they match up to $310 in your first year.

Please keep in mind that Bank of America does require a minimum balance of $300 in your savings account, and will pay the matched earnings after 1 year after accumulation.